Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) has earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.40.
A number of equities research analysts have recently issued reports on the stock. Raymond James cut shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research note on Friday, March 3rd. Credit Suisse Group cut Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $15.00 in a research note on Friday, March 3rd. Finally, Jefferies Financial Group downgraded Radius Global Infrastructure from a “buy” rating to a “hold” rating and boosted their price objective for the company from $14.00 to $15.00 in a research report on Monday, March 6th.
Institutional Investors Weigh In On Radius Global Infrastructure
Several hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Radius Global Infrastructure by 156.9% in the 1st quarter. Parallel Advisors LLC now owns 1,706 shares of the company’s stock worth $25,000 after purchasing an additional 1,042 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Radius Global Infrastructure in the 3rd quarter worth about $30,000. CWM LLC boosted its stake in Radius Global Infrastructure by 3,601.0% in the 4th quarter. CWM LLC now owns 3,701 shares of the company’s stock worth $44,000 after purchasing an additional 3,601 shares in the last quarter. Amundi purchased a new stake in Radius Global Infrastructure during the 4th quarter valued at about $73,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Radius Global Infrastructure by 23.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,581 shares of the company’s stock valued at $80,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.
Radius Global Infrastructure Stock Up 0.3 %
RADI opened at $14.70 on Tuesday. Radius Global Infrastructure has a one year low of $7.97 and a one year high of $16.52. The company has a fifty day moving average price of $14.32 and a 200-day moving average price of $12.39. The company has a debt-to-equity ratio of 2.23, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a market capitalization of $1.59 billion, a P/E ratio of -13.24 and a beta of 1.65.
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported ($1.09) EPS for the quarter. Radius Global Infrastructure had a negative return on equity of 5.82% and a negative net margin of 45.09%. The company had revenue of $36.99 million during the quarter, compared to the consensus estimate of $34.26 million. Equities research analysts expect that Radius Global Infrastructure will post 0.15 earnings per share for the current fiscal year.
About Radius Global Infrastructure
Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.
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